Jul 21, 2020
MORE PRODUCTS REACH CRITICAL EU SAFEGUARD QUOTA USAGE
2020-07-29
New EU safeguard quotas have become available from the beginning of July, but a number of specific allocations are already reaching a critical level, Kallanish learns from the official calculation system provided by the European Commission.
As expected, Turkish rebar importers have quickly used up almost all the quotas available until the end of September. Similarly, Russian wire rod imports have almost completely used the over 80,000-tonne of tariff-free quotas available.
In the flat products sector, organic coated sheet imports have used up most quotas specifically allocated to Turkish imports as well as those for the “other countries” section. This excludes imports from India, South Korea, Taiwan, Turkey and Macedonia.
Despite the slowdown in the automotive sector, Chinese hot-dip galvanized coil specifically for the automotive sector has used almost all of the over 134,000t quotas available in the 4b sub-group.
Finally, the “other countries” allocation for cold rolled stainless flat products was also used completely until the end of September. This includes all imports not arriving from South Korea, Taiwan, India, USA, Turkey, Malaysia and Vietnam.
Source: Eurometal
